Economists predict a so-called double increase of 50 basis points, which would mean that the policy rate will be raised to 0.75 from today's 0.25.

The last time such an increase was made was in February 2000, when the Riksbank raised the key interest rate from 3.25 to 3.75 in February 2000.

With today's inflationary pressure, which in May was 7.2 per cent - 5.2 percentage points higher than the inflation target of 2 per cent - the pressure on the Riksbank to implement more austerity measures is increasing. 

Risk of a weaker krona 

Mattias Persson, chief economist at Swedbank, believes that the Riksbank should raise the interest rate by the expected 50 basis points.

He believes that there would be a downside to not doing so. 

- Then I think we will see a weaker krona, says Mattias Persson to the news agency TT.

At the Riksbank's latest interest rate announcement in April, the key interest rate was raised by 25 basis points, from zero interest rates to 0.25.

Whether there will be an increase of 50 points, or more or less than that, remains to be seen. 

Peak not reached 

It is clear that we have not reached the peak of inflationary pressures, according to the economists with whom the news agency TT has spoken. 

The repo rate path from the Riksbank's most recent meeting points to a policy rate that will be 1.25 per cent in the summer of 2023 and around 1.50 per cent by the end of next year. 

SEB predicts, after today's expected double increase, a further increase at the next interest rate announcement in September and the key interest rate would thus be 1.25 already this autumn. 

-It is clearly a rising interest rate climate that has two effects.

On the one hand, they want it to have an effect on the entire economy, that demand is subdued and that inflation goes down, says Américo Fernández, private economist at SEB.

- In part, it will have an effect on mortgage rates, which will directly affect Swedish households.